Nikon (OTCMKTS:NINOY) Shares Gap Down - Here's Why

Key Points

• Nikon's share price gapped down from $9.97 to $9.50 before trading, with the last trade at $9.59.
• The company reported $0.20 EPS for the last quarter, significantly beating the consensus estimate of $0.05, but fell short of revenue expectations with $1.07 billion compared to the forecast of $1.10 billion.
• Nikon's current ratio is 2.03 and its debt-to-equity ratio is a low 0.19, indicating strong liquidity and a conservative capital structure.

Nikon Corp. (OTCMKTS:NINOY - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $9.97, but opened at $9.50. Nikon shares last traded at $9.59, with a volume of 25 shares trading hands.

Nikon Stock Performance

The stock has a market cap of $3.17 billion, a P/E ratio of 36.54 and a beta of 0.59. The business has a 50 day moving average price of $9.83 and a 200 day moving average price of $10.04. The company has a quick ratio of 1.02, a current ratio of 2.03 and a debt-to-equity ratio of 0.19.

Nikon (OTCMKTS:NINOY - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.15. The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.10 billion. Nikon had a return on equity of 2.00% and a net margin of 1.85%. As a group, sell-side analysts expect that Nikon Corp. will post 0.44 EPS for the current year.

About Nikon

Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, Components Business, and Industrial equipment and Others segments. The Imaging Products Business segment provides digital SLR cameras, compact digital cameras, and interchangeable camera lenses.